Cryptocurrency enthusiasts have been singing the praises of Monero since it allows the transfers between wallets to be nearly untraceable. But now there is a new project, Remittix (RTX), which is promising to provide exactly the same level of stealth but at the last stage where most chains fail: converting coins into usable money. Having already raised close to $16 million at a token price of $0.0781 Remittix is flying on the heels of an $18 million soft-cap and poised to make a splash in the fourth quarter.

Monero’s Privacy Benchmark

Ring signatures and stealth addresses make Monero remain in demand on darknet markets, such as Archetyp, because they conceal the sender, the receiver, and the amount. The new FCMP++ upgrade of the network increases speed, and the Qubic project has proposed to allow miners to generate fees by executing AI workloads, reducing waste and providing utility. 

Regulators in the U.S. have been cautious of pure privacy coins to date but have not prohibited them, sending rumors of a leading exchange returning them to the market by the end of the year. To the traders, such rumors are all that make XMR charts vibrant.

Remittix: Quiet Off-Ramps in Seconds

Where Monero hides on-chain information, Remittix hides the annoying off-ramp that the majority of users continue to experience. Its PayFi wallet, due in early Q3, allows individuals to convert Bitcoin, Ether or even XRP into local bank balances in less than ten seconds. 

The system is directly allied with the regional payment rails, and hence transfers avoid hidden spreads and weekend delays. Every transaction also burns a small portion of RTX, which makes it increasingly rare with every transaction. The developers offer end-to-end encryption on each request, which means that banks do not notice a pattern of crypto hops but a regular cash deposit.

Funding Sprint and Q4 Targets

Remittix has opened a brief bonus period to new investors with less than $2 million to go until the soft cap is reached in the “Sprint to $18 M” campaign. The team says the money will complete security audits, launch two cash-out corridors in Asia and Latin-America, and populate a reward pool that pays token holders a portion of settlement fees. As soon as live traffic begins consuming supply daily, RTX float will decrease and usage will increase, a trend that has been experienced by the early adopters of Monero.

Eyes on Year-End Adoption

In case FCMP++ and possible relistings drive Monero to new heights, Remittix may piggyback on the same privacy-driven story to make it to the mainstream payment coverage. The big difference? RTX has a reach of 190 trillion dollars in global remittances so it can expand much past the niche trading environments. By the end of Q4, investors might look back at the seven-cent price today as the final calm before two payment giants focusing on privacy took the center stage.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix